Is Brownsburg, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brownsburg has remained a Seller's Market.
Housing Prices in Brownsburg, IN
How much do homes in Brownsburg, IN cost?
Median Sold Price
$365,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brownsburg was $365,000 in May 2024, up 17.7% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $137K | N/A |
2 Bedrooms | $220K | $269K | +22.3% |
3 Bedrooms | $280K | $305K | +8.9% |
4 Bedrooms | $387.5K | $420K | +8.4% |
5+ Bedrooms | $475K | $462K | -2.7% |
Summary: Brownsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
Brownsburg | $310K | $365K | +17.7% |
Pittsboro | $330K | $350K | +6.1% |
Brown Township | $392.5K | $414.8K | +5.7% |
Lincoln Township | $305.4K | $322.4K | +5.5% |
Middle Township | $335K | $350K | +4.5% |
Housing Supply in Brownsburg, IN
How many homes are available in Brownsburg, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
177 | 185 | +4.5% |
Summary: The Brownsburg real estate market had 185 homes for sale in May 2024, a 4.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 21 | 22 | +4.8% |
3 Bedrooms | 69 | 79 | +14.5% |
4 Bedrooms | 57 | 59 | +3.5% |
5+ Bedrooms | 29 | 24 | -17.2% |
Summary: The Brownsburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 17.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 49 | +14.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Brownsburg in May 2024, up by 14.0% month-over-month. Of the 49 sold homes, 45% were sold under asking, 31% were sold at asking, and 24% were sold over asking.
Days on Market for Brownsburg, IN
How long does it take to sell a home in Brownsburg, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 23 Days | -12.5% |
Summary: Homes in Brownsburg had an average of 23 days on market in May 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 49 homes were sold in Brownsburg; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.